Time to Read: 7 Minutes If you have access to an Employee Stock Purchase Plan (ESPP) at work, you may be unsure if it’s a good investment. You also might wonder how it’s taxed and whether to enroll in it. BWM Financial has experience helping clients at San Diego companies, including Qualcomm, Illumina,
Time to Read: 4 Minutes The impulse to help others in need and to share good fortune is universal. When it comes to giving plans that involve donating wealth, the elements of several different dimensions – demographic trends, market performance, advances in financial services, increased need, and potential changes to the tax code – are combining to create unprecedented amounts
Time to Read: 6 Minutes When planning for expenses in retirement, it’s easy to begin thinking about travel and vacations while overlooking one significant expense – taxes. In Nationwide’s 2021 Retirement Income Survey, 41% of retirees surveyed reported wishing they had been better prepared for taxes leading up to retirement. Tax laws change frequently, and
Time to Read: 5 Minutes Working during your senior years doesn’t have to be just about income. The National Institute on Aging reports that those who participate in regular physical activity, stay connected through social events, and keep up with a hobby have shown signs of or have reported feeling happier and healthier. Working in your
Time to Watch: 51 Minutes Chris Pegg discusses tax law updates and year-end planning considerations for 2021, specifically geared for business owners. Tune in to learn more about: Legislative update for tax reform - what didn't happen and what we still might see including Possible changes to net investment income tax for S-Corps Qualified Small Business Stock
Time to Read: 4 Minutes The biggest challenge for students and parents when planning for education is the financial costs, which include tuition and academic expenses. There is help – 529 Plans aren’t just for college anymore. K-12 private and religious schools are also eligible. Funds can be used for four and two year colleges, trade schools, graduate programs and some international institutions. Section 529
Time to Read: 10 Minutes Section 529 plans are arguably the best college savings vehicle around. In this article, we will cover what 529 plans are, why they make such great college savings accounts, and how high net worth investors can take advantage of 529 plans for their estate planning tax benefits. Introduction to 529 Plans
Time to Read: 17 Minutes We live in a “golden age” for estate planning: high federal gifting limits, low interest rates, and no capital gains on inherited assets. However, this may change soon. The generations-high gifting exemption ($11.7 million per person and $23.4 million per couple in 2021) will sunset at the end of 2025. And with the record-breaking COVID-19 stimulus, tax hikes have been proposed to lower
Time to Read: 4 Minutes At BWM Financial, our laser focus on giving clients a financial “edge” sets us apart from other wealth managers. Oftentimes this is through an ongoing relationship and comprehensive financial plan, but we delight whenever we can pass along an “easy win”. A great example of this is how we help structure
Time to Read: 8 Minutes One of the most fulfilling roles as an advisor at BWM Financial is helping our clients use their money as a tool to do the things in life they enjoy most. For many of our clients, that means developing creative, tax-efficient strategies for making life changing gifts to their loved